Background:
With the regulated entities seamlessly embracing cutting-edge technologies, the digital transformation in the Indian financial sector has witnessed unprecedented growth. This has led to innovation in products and enhanced user experience for the customers. As banks/FIs/NBFCs are Significant Data Fiduciaries (SDF) under the DPDP Act, they are required to ensure robust data security and data usage management to comply with the Act and meet regulatory expectations. The recently announced Data Protection and Data Privacy (DPDP) Rules, 2025, enjoin all the Regulated Entities (REs) to increase their investments in technology and processes while building an explicit consent mechanism to comply with the new rules. Though the implementation of the DPDP Rules to REs allows some time, compliance effort will require substantial process redesign in gathering, handling and sharing of customers' data with utmost privacy and secrecy. Otherwise, REs will be exposed to substantial penal actions from the authorities.
Objective:
This conference will enhance the understanding of the participants on the various developments around data security and the management of data in the backdrop of the new DPDP rules. This conference will be useful for senior officials handling and responsible for data integrity & data protection, and also for board-level functionaries who are responsible for the overall data governance in the organisation.
Conference Highlights:
- Data Protection and Privacy – Issues and Challenges
- DPDP Act: Framework for compliance and Implementation Imperatives & Challenges
- DPDP Implementation: Tools and Automation Requirements
- DPDP Act Preparedness: A discussion with bankers
- Data Protection Impact Assessment & Third Party (Vendor) Privacy Risk Assessment: Key Challenges and Governance Requirements
- Data Security & Cybersecurity: Guardrails and Resilience